Sagar Cements Q2 PAT may dip 29.5% YoY to Rs 35.3 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Cement sector. The brokerage house expects Sagar Cements to report net profit at Rs 35.3 crore down 29.5% year-on-year (down 29.4% quarter-on-quarter).

Net Sales are expected to increase by 15.2 percent Y-o-Y (down 4.4 percent Q-o-Q) to Rs 375.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 19.8 percent Y-o-Y (down 21.6 percent Q-o-Q) to Rs 84 crore.

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